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UGC NET JUN 2005 :COMMERCE PAPER II

16 pages, 100 questions, 39 questions with responses, 48 total responses,

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Signature and Name of Invigilator Answer Sheet No. : ...................................................... (To be filled by the Candidate) 1. (Signature) Roll No. (Name) (In figures as per admission card) Roll No. 2. (Signature) (Name) Test Booklet No. J 0 8 0 5 PAPER II COMMERCE Time : 1 hours] Number of Pages in this Booklet : 16 2. 3. 4. U 1. U DU U S U U U U Write your roll number in the space provided on the top of this page. This paper consists of fifty multiple-choice type of questions. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the question booklet will be replaced nor any extra time will be given. (iii) After this verification is over, the Serial No. of the booklet should be entered in the Answer-sheets and the Serial No. of Answer Sheet should be entered on this Booklet. Each item has four alternative responses marked (A), (B), (C) and (D). You have to darken the oval as indicated below on the correct response against each item. Example : A B C 2. - 3. U U U, - S U U U - S U (i) - S U U U U S U U- U S S U U (ii) U DU U U U - S DU U U U U U U S DU / U U U U U S S U U U U U S U U - S U U - S U UQ (iii) - S R U- U U U U U- R - S U U 4. U U (A), (B), (C) (D) U U U U U A B C D (C) U D 5. U U I U U- U where (C) is the correct response. Your responses to the items are to be indicated in the Answer Sheet given inside the Paper I booklet only . If you mark at any place other than in the ovals in the Answer Sheet, it will not be evaluated. 6. Read instructions given inside carefully. 7. Rough Work is to be done in the end of this booklet. 8. If you write your name or put any mark on any part of the test booklet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 9. You have to return the test question booklet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table etc., is prohibited. 12. There is NO negative marking. 5. J 0805 [Maximum Marks : 100 Number of Questions in this Booklet : 50 Instructions for the Candidates 1. (In words) U U U S U U U , U 6. U U 7. (Rough Work) S DU U U 8. U- S U , U U U U 9. U # U U- S U U U U U # U U U 10. / U Z U S U 11. U ( U U) U U 12. 1 U U P.T.O. COMMERCE PAPER II Note : 1. This paper contains fifty (50) objective type questions, each question carrying two (2) marks. Attempt all of them. In Budget estimates 2005-06 which sector has been given maximum amount of plan outlay : (A) (B) Social Services (C) 2. Energy Rural Development (D) Transport The Twelfth Finance Commission was appointed by : (A) (B) Prime Minister of India (C) 3. President of India Parliament (D) Council of Ministers VAT is a modern, simple and transparent tax system that will replace the existing : (A) (B) Exise Duty (C) 4. Corporate Tax Sales Tax (D) Service Tax Consider the following : 1. Irrigation 2. Roads 3. Water supply 4. Housing 5. Rural Electrification 6. Rural Telecom connectivity Which of these are components of Bharat-Nirman ? (A) (B) 1-2-3-4-6 (C) 5. 1-2-3-4-5 2-3-4-5-6 (D) 1-2-3-4-5-6 A Task Force has recommended the creation of a National Fund for Strategic Agriculture. Who headed this Task Force ? (A) (B) Sharad Pawar (C) 6. M.S. Swaminathan P. Chidambaram (D) None of the above Transportation expenses incurred to bring a machine from the place of purchase to the place of installation is : (A) a revenue expenditure (B) a capital expenditure (C) deferred revenue expenditure (D) none of the above J 0805 2 - II U U (50) S D (2) 1. 2005-06 ? (A) 2. (B) (C) C (B) (C) (D) , l ................... S (A) 4. (D) m (A) 3. U (B) (C) (D) 1. 2. 3. - 4. 5. l 6. - ? (A) (B) 1-2-3-4-6 (C) 5. 1-2-3-4-5 2-3-4-5-6 (D) 1-2-3-4-5-6 S - C S ? (A) (B) (C) 6. . .S . (D) -S S -S (A) (B) (C) S (D) J 0805 3 P.T.O. 7. List-II : List-II Cash Flow Statement Break-even Analysis Liquidity Solvency Responsibility centres (d) (v) (B) (ii) (iii) (v) (iv) (C) (D) 8. Match the items from List-I with the items in List-I (a) Working-capital ratio (i) (b) Cash equivalents (ii) (c) Margin of safety (iii) (d) R O I (iv) (v) Codes : (a) (b) (c) (A) (iii) (iv) (ii) (iii) (iii) (i) (i) (ii) (ii) (v) (iv) Bottom-line growth referes to growth in : (A) Sales (B) Turnover (C) Assets (D) Profit 9. If total assets5Rs. 12,00,000, sales5Rs. 24,00,000, total expenses5Rs. 21,40,000, and normal rate of return512%, find out residual income : (A) Rs. 1,44,000 (B) Rs. 2,60,000 (C) Rs. 1,16,000 (D) 2,16,000 10. X, Y and Z are three partners sharing profits and losses in the ratio, 10 : 6 : 2. A was admitted for 1/10th share. The new profit sharing ratio will be : (A) 10 : 6 : 2 : 1 (B) 5 : 3 : 2 : 1 (C) 5 : 3 : 1 : 1 (D) 10 : 6 : 2 : 4 11. Which of the following is correct statement ? (A) Under perfect competition, a firm determines its price where AR5MR (B) In perfect competitive industry, a firm is in equilibrium in the short run only when its AC5AR5MR5MC (C) (D) 12. The short-run supply curve has a negative slope A firm is price-taken under perfect competition A consumer attains equilibrium at a point on the indifference curve where : (A) Px Py (B) MRS xy > (C) 13. MRS xy5 MRS xy < Px Py (D) MRS xy5 Px Py Px Py In Oligopoly market kinked demand curve explains : (A) Collusion among rival firms (B) Average variable cost curves (C) Short run average cost curve (D) Long run average cost curve J 0805 4 7. -I -II (a) (b) (c) (d) -I . . (a) (iii) (ii) (iii) (iii) (A) (B) (C) (D) 8. (A) (B) (C) (D) 5L 12,00,000, 5L 24,00,000, 5L 21,40,000 512%, C L . 1 ,44,000 (B) L . 2,60,000 (C) L . 1,16,000 (D) L . 2,16,000 X, Y Z (A) 11. (c) (ii) (v) (ii) (ii) 10. (b) (iv) (iii) (i) (i) - (d) (v) (iv) (v) (iv) S h .................... h (A) 9. (i) (ii) (iii) (iv) (v) -II 10 : 6 : 2 A 1/10 S 10 : 6 : 2 : 1 (B) 5:3:2:1 (C) 5:3:1:1 (D) 10 : 6 : 2 : 4 ? (A) (B) S AR5MR S S l AC5AR5MR5MC (C) (D) 12. S S (A) Px Py (B) MRS xy > (C) 13. MRS xy5 MRS xy < Px Py (D) MRS xy5 Px Py Px Py (A) (C) J 0805 m Z (B) (D) 5 P.T.O. 14. Opportunity cost means : (A) Cost of the last unit (C) 15. Cost of a Homogeneous product (B) Cost of next best alternative Cost of all units produced (D) A normal profit : (A) (B) has to be above economic cost inorder to encourage output (C) is not a part of the economic costs that a firm incurs (D) 16. is part of economic cost is irrelevant to the production division of a firm Chi-square test is a : (A) (B) Non-parametric Test (C) 17. Parametric Test Small Sample Test (D) None of the above b-error in hypothesis testing refers to : (A) (B) Type-II error (C) 18. Type-I error Both Type-I and II errors (D) None of the above Convenience sampling is a : (A) (B) Non-probability sampling (C) 19. Probability sampling Random sampling (D) None of the above We can measure the cause and effect relationship by the help of : (A) (B) Cross-sectional analysis (C) 20. Time series analysis Correlational analysis (D) Regression analysis Match the items from List-I with the items in List-II : List-I List-II (a) Indirect oral interview (i) Non-probability sampling (b) Bi-variate Analysis (ii) Variance test (c) F-ratio (iii) Primary data (d) Quota sampling (iv) Factor Analysis (v) Correlation Code : (a) (b) (c) (d) (A) (iii) (v) (ii) (i) (B) (iii) (v) (ii) (iv) (C) (i) (v) (ii) (iii) (D) (iii) (ii) (iv) (i) J 0805 6 14. (A) (C) 15. M m - -S .................. - m h m h .................. (B) (D) - .................... (A) (C) 20. b- h - S h (A) (C) 19. (B) (D) S (A) (B) (C) (D) 18. (A) (C) 17. (A) (B) (C) (D) 16. (B) (D) - (a) (b) (c) (d) - I - -I J 0805 II (iii) (iii) (i) (iii) (b) (v) (v) (v) (ii) (c) (ii) (ii) (ii) (iv) - m- - (a) (A) (B) (C) (D) (B) (D) - (d) (i) (iv) (iii) (i) -II (i) (ii) (iii) (iv) (v) - - 7 P.T.O. 21. Which is the oldest type of organisation ? (A) 22. Line (B) Line and Staff (C) Functional (D) Managerial decisions which increase the importance of subordinates are linked with : (A) Centralised authority (B) Decentralised authority (C) 23. Both (A) and (B) (D) None of the above Which of the following is not the example of only upward Communication ? (A) 24. Reports (B) Interviews (C) Grapevine Oversee work (B) Circulars Take remedial action (C) Punish defaulters (D) Meet targets In a formal organisational structure authority flows : (A) Upward (B) Downward (C) 26. (D) The main purpose of the Control function is to : (A) 25. Matrix Horizontal (D) None of the above Which of the following is not a case of related diversification ? (A) (B) A washing powder manufacturer started manufacturing washing machines (C) A bath soap trader enters washing soap market (D) 27. A refrigerator manufacturer started manufacturing air conditioners A Television manufacturer started manufacturing VCRs. Life style is one of the major __________ basis of segmenting a market. (A) (B) Demographic (C) 28. Socio-economic Psychographic (D) None of the above What stage of the product Life-cycle are pricing decisions most complex ? (A) 29. (B) Growth (C) Maturity (D) Decline A company is planning to develop a new packaging for its consumer product. In order to ensure that the packaging is attractive and easy to handle, the company must conduct __________ test. (A) 30. Introductory Association (B) Engineering (C) Dealer (D) Inquiry The most important component of promotion mix to be used for industrial goods is : (A) Personal Selling (B) Advertisement (C) Sales promotion (D) Publicity J 0805 8 21. ? (A) 22. (B) (C) S (B) (C) (A) (D) (B) (A) 24. (B) (C) ( ) (D) (B) (C) (D) .............. (A) 26. (B) (C) (D) ? (A) - (B) (C) (D) 27. . . . - .................... (A) - (B) (C) 28. (D) - S (A) 29. g (A) 25. S .................. / (A) 23. (D) (B) (C) h (D) , ................ (A) 30. (B) (C) (D) - l - (A) J 0805 (B) (C) 9 - (D) P.T.O. 31. A Firm produces 1,00,000 units and sells at Rs. 10 per unit. The cost of manufacturing is Rs. 6,00,000 per annum and depreciation is Rs. 1,00,000 per annum. The depreciation tax shield will be __________ if the rate of corporate taxation is 30%. (A) Rs. 20,000 (B) Rs. 25,000 (C) Rs. 30,000 (D) Rs. 1,60,000 32. In capital budgeting, the main aim is to find the project whose __________ of future cash flows is greater than the cost of the project. (A) Terminal value (B) Present value (C) Cumulative value (D) None of the above 33. Financial risk is connected with : (A) Debt capital (C) Type of employees (B) (D) Nature of Investment Location of factory 34. The (A) (B) (C) (D) 35. The shares issued to existing shareholders when reserves are capitalised are : (A) Right Issue (B) Bonus shares (C) Preference shares (D) All the above 36. Safety and accident prevention should concern managers for all the following reasons except : (A) Criminal Liability (B) Human suffering of the injured workers (C) Retaliatory actions by workers (D) Work-related accident figures are staggering 37. During the formulation of plans, HR can : (A) provide details regarding competitors incentive plans (B) provide moral support (C) provide information on competitor s diversity (D) provide empowerment strategies 38. Providing employees with basic background information about the firm is : (A) Education (B) Employee orientation (C) Colleges and Universities (D) Required by Law J 0805 Balance sheet of a business reveals __________ . Financial position of a business on a particular day Financial position of the business for a particular period Both of the above None of the above 10 31. 1,00,000 L 10 6,00,000 L 30% O .................... (A) 32. L . 20,000 (B) L . 25,000 (C) L . 30,000 (D) L . 1,60,000 ................. (A) (B) (C) 33. (D) ....................... (A) (B) (C) 34. (D) S ........................ (A) (B) - S (C) (D) 35. - S ( ) ( ) .............. (A) (B) (C) 36. (D) ................ (A) (B) (C) 37. m (D) S M (A) (B) (C) S (D) 38. S D (A) (B) (C) l l (D) m J 0805 11 P.T.O. 39. An enterprise gets more output and mutual cooperation from its subordiante staff by adopting : (A) (B) motivation by participation (C) 40. motivation by leadership motivation by goals (D) motivation by challenge The concept of Human Relations was developed by : (A) (B) V.V. Giri (C) 41. Robert Owen Elton Maya (D) Edwin B. Filippo Match the following : I-Name of the Mergin Entity II-Name of the Merged entity (a) 20th Century Finance Company (i) ICICI Bank (b) Bareilly Corporation Bank (ii) Centurian Bank (c) Sikkim Bank (iii) HDFC Bank (d) Times Bank (iv) Bank of Baroda (e) Bank of Madura (v) Union Bank of India Codes : (b) (c) (d) (e) (A) (ii) (iv) (v) (iii) (i) (B) (iii) (iv) (i) (iii) (v) (C) (v) (iv) (iii) (ii) (i) (D) 42. (a) (v) (ii) (i) (iii) (iv) Inter-institutional group comprises of : (A) (B) SBI, LIC (C) Bank of Baroda and Punjab National Bank (D) 43. IDBI, IDFC, ICICI Bank All of the above With reference to the Micro Finance Institutions consider the following statements : 1. At present Micro Finance Institutions (MFIs) obtain finance from banks according to RBI guidelines 2. MFIs provide small scale credit to low income households and small informal businesses. Which of these statements is/are correct ? (A) J 0805 Only 1 (B) Only 2 (C) 12 Both 1 and 2 (D) Neither 1 nor 2 39. l S ..................... (A) (B) m (C) 40. m m (D) m .................... (A) (B) . . (C) 41. (D) . I- II- (a) (i) . . . . . (b) (ii) (c) P (iii) . . . . (d) (iv) (e) (v) (c) (d) (e) (ii) (iv) (v) (iii) (i) (B) (iii) (iv) (i) (iii) (v) (C) (v) (iv) (iii) (ii) (i) (D) 43. (b) (A) 42. (a) (v) (ii) (i) (iii) (iv) - S (A) . . . ., . . . ., . . . . . (B) . . ., . . . (C) (D) C S 1. . . . C S 2. C S (MFIs) -S (A) 1 (B) 2 (C) 1 2 (D) 1 2 J 0805 13 P.T.O. 44. Which one is not the part of, Migration to new capital adequacy framework based on the three pillar approach, namely : (A) Minimum capital requirements (B) Supervisory review (C) Market Discipline (D) Book keeping 45. In India the basic objectives of Monetary Policy is/are : (A) Price stability and Adquate credit flow (B) Price control and command on Economy (C) Price Reduction and Credit Reduction (D) All of the above 46. The trade theory of absolute advantage was developed by : (A) Haberler (B) David Ricardo (C) Adam Smith (D) Alfred Marshall 47. Which of the following is not matched against its name : (A) WTO : Generally refuses quantitative restrictions on Trade (B) IMF : To remove unfavourable Balance of Payment and provides Financial assistance (C) SAARC : Encourages Trade between South Asian Countries (D) ASEAN : Economic Organisation of all Asian Countries 48. Physical delivery of foreign exchange has to take place in case of : (A) Forward Market (B) Spot Market (C) Futures Market (D) Options Market 49. A letter of credit means : (A) A bank agreeing to accept and pay on due date (B) A letter containing conditions of credit purchase or sale (C) A letter sent by exporter to importer sanctioning credit deal (D) A letter sent by importer to exporter sanctioning credit deal 50. Which of the following is a document of the title of sale of goods ? (A) Certificate of Origin (B) Letter of Credit (C) Bill of Lading (D) Bill of Entry -oOo- J 0805 14 44. 45. 46. 47. 48. 49. 50. C S (A) (B) (C) (D) S - - g (A) S (C) (B) (D) S - h m (A) (B) Z (C) S (D) (A) WTO : (B) IMF : (C) SAARC : (D) ASEAN : (A) (B) (C) (D) (A) m S (B) Z (C) m S (D) m S S S (A) $ (B) (C) (D) -oOo- J 0805 15 P.T.O. Space For Rough Work J 0805 16

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Additional Info : Ugc Net June 2005 Question Paper - Commerce Paper II
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